SSL Encryption maintains your data secure while sending and receiving data from and to our servers. An SSL certificate also serves the purpose of validating the authenticity of a website, so that you can be sure you're sending your sensible data to the correct place. If you're interested in knowing a little more, here is some information about it:
According to Wikipedia, encryption is the process of encoding a message or information in such a way that only authorized parties can access it. Encryption does not itself prevent interference, but denies the intelligible content to a would-be interceptor. In an encryption scheme, the intended information or message, referred to as plain text, is encrypted using an encryption algorithm, generating ciphertext that can only be read if decrypted. For technical reasons, an encryption scheme usually uses a pseudo-random encryption key generated by an algorithm. It is in principle possible to decrypt the message without possessing the key, but, for a well-designed encryption scheme, considerable computational resources and skills are required. An authorized recipient can easily decrypt the message with the key provided by the originator to recipients but not to unauthorized users.
SSL, or more specifically, SSL certificate is a digital document issued for an organization or business (or pretty much anyone who owns a domain) to prove ownership of an specific domain. This documents are issued by entities referred to as "Internet Authorities", and in the case of web use, it is up to the browser being used to decide whether to trust or not the issuer of the certificate. If the certificate is verified and trusted by the web browser, the site will load, and depending on the browser, an indication for secure browsing should appear (it usually presents as a green lock followed the protocol name "https://") as shown in the picture. If the certificate is not valid, or the browser doesn't trust the issuer, a privacy error message will appear, alerting the user that the site could be a replica or a scam.
Just like pretty much everything, SSL Encryption is not perfect. And therefore it is not completely secure. There is multiple ways in which information could be compromised. Some examples include: